Regulations determined by the government will have a major impact on the future direction of cryptocurrency. When the government supports cryptocurrency, it will make the development of cryptocurrency clearer. In contrast, when the government tries to ban the use of Cryptocurrency, it will create a bad image of the use of cryptocurrency and will affect the decline in cryptocurrency prices. Everything depends on how the decision and also how the regulations made by the government.
One of the reasons a whole lot of us in the space believes that at least, even though regulation could bring a limitation for some, it is still something that would be more like a win-win situation for everyone, which includes the government in this equation.
We sure know that the government will not be regulating something they will not be accepting and in such cases, they would rather be looking for a way to destroy it instead, but with government regulation, this would create some level of awareness and some relaxation in the minds of investors when it comes to investing in the space.